Bitcoin could more than double in price by the end of the year as more firms allow customers to use it to make purchases, says Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital. The price of the crypto coin blew past an all-time high of $48,000 in early Asia trading on Tuesday, driven by Tesla’s announcement that it had bought $1.5 billion worth of bitcoin. The company also said it will allow customers to buy its electric cars with the coins. “You’re going to see every company in America do the same thing,” Novogratz told Bloomberg Television, adding “It doesn’t have to be a lot. It’s the messaging that ma
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